Moreover, robust adoption of software among industry verticals like commercial, industrial, government, and healthcare so as to manage and control energy along with integrated weather and load forecasting will drive the market growth during the projected period. The rising population, increased demand to offer secure and reliable power supply in commercial and industrial sectors globally, and initiatives by the government to decrease carbon footprint will accelerate the growth of the global microgrid market. The Global Microgrid Market is anticipated to grow at an 11.6% CAGR during the forecast period 2021-2027 and will reach USD 43.4 billion by 2027. According to the VynZ Research, the Global Microgrid Market is anticipated to grow at an 11.6% CAGR during the 2021-2027.
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